{"id":2360,"date":"2021-07-05T14:47:23","date_gmt":"2021-07-05T14:47:23","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=2360"},"modified":"2021-07-05T14:47:23","modified_gmt":"2021-07-05T14:47:23","slug":"clean-science-and-technology-ipo-details-date-price-overview","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/clean-science-and-technology-ipo-details-date-price-overview\/","title":{"rendered":"Clean Science and Technology IPO Details \u2013 Date, Price & Overview"},"content":{"rendered":"

The initial public offering of Clean Science and Technology, a Pune-based company that manufactures speciality chemicals, will open for bidding on Wednesday, July 7. <\/span>This will be the second company to launch an IPO in July 2021 after GR Infraprojects Limited.<\/span><\/p>\n

Company Overview<\/b><\/h3>\n

Clean Science is among the few companies that are globally focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost-competitive.\u00a0<\/span><\/p>\n

\u00a0<\/span>This has enabled the company to emerge as the largest manufacturer globally of certain specialty chemicals in terms of installed manufacturing capacities as of March 31, 2021.<\/span><\/p>\n

\u00a0<\/span>Its continued focus on product identification, process innovation, catalyst development, the significant scale of operations as well as the measures towards strategic backward integration have all contributed to the company\u2019s success as one of the fastest-growing and amongst the most profitable specialty chemical companies globally.\u00a0<\/span><\/p>\n

The company manufactures functionally critical specialty chemicals such as performance chemicals, pharmaceutical intermediates, and FMCG chemicals.\u00a0<\/span><\/p>\n

\u00a0<\/span>In FY21, exports contributed 67.86 per cent to total revenue from operations. Its key customers include Bayer AG, SRF, Gennex Laboratories, Nutriad International NV and Vinati Organics. <\/span>It has two certified production facilities in India at Kurkumbh (Maharashtra), with a combined installed capacity of 29,900 million tonnes per annum (MTPA) as of March 2021.\u00a0<\/span><\/p>\n

\u00a0<\/span>It has also recently set up a unit at the third facility adjacent to existing facilities at Kurkumbh (Maharashtra) and has recently been allotted land for the construction of a fourth facility at Kurkumbh (Maharashtra).<\/span><\/p>\n

Awards<\/b><\/h3>\n